Zynga Files $1 Billion IPO

Share.

Makers of Farmville looking to go public.

By Jim Reilly

Zynga said today the company filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of $1 billion. The number of shares and the price range for the offering have not been determined yet.

"As we look to the future, we believe our core values will be key to our continued growth. Our goal is for everyone at Zynga to be a CEO with accountability and authority to drive important outcomes," said Mark Pincus, CEO and Founder of Zynga in a letter. The number of shares to be offered and the price range for the offering have not been determined.

"It takes inspired people to make inspiring products. We've endeavored to create an environment that fosters intelligent risk-taking in order to invent bold beats—innovations that really advance the social gaming experience for our players. Our company is diverse, creative and entrepreneurial."

Pincus continued: "And now, by offering our shares to the public we hope to enable Zynga to invest more in play than any company in history. To accomplish this, we will continue to make big investments in servers, data centers and other infrastructure so players' farms, cities, islands, airplanes, triple words and empires can be available on all their devices in an instant. We will also continue to fund the best teams around the world to build the most accessible, social and fun games.

"We believe we will maximize long-term shareholder value by delivering long-term player value. This means we will make decisions and trade-offs that are different from other companies. We will prioritize innovation and long-term growth over quarterly earnings. We will not make short-term decisions that sacrifice our core values or veer from our long-term vision."